Minnesota Electricity
2024 energy prices and generation data from the EIA
Residential Rate
15.45¢/kWh
Residential
15.45¢/kWh
2.6M customers
Commercial
12.15¢/kWh
308.5K customers
Industrial
9.15¢/kWh
9.4K customers
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2016 | 12.67¢/kWh | -2.8% |
| 2017 | 13.04¢/kWh | -0.8% |
| 2018 | 13.14¢/kWh | +0.8% |
| 2019 | 13.04¢/kWh | -1.0% |
| 2020 | 13.17¢/kWh | -2.4% |
| 2021 | 13.50¢/kWh | -5.3% |
| 2022 | 14.25¢/kWh | -3.3% |
| 2023 | 14.73¢/kWh | -4.7% |
| 2024 | 15.45¢/kWh | — |
Market Overview
Residential Revenue
$3409.0M
Commercial Revenue
$2729.3M
Residential Sales
22.1M MWh
Residential Customers
2.6M
Data from the U.S. Energy Information Administration (2024). Prices in cents per kilowatt-hour (kWh).